great story - Posted by JD
Posted by JD on March 15, 2000 at 22:13:22:
.
Re: The AMAZING way I met Robert G. Allen . . . - Posted by Ron
Posted by Ron on March 15, 2000 at 14:26:54:
Isn’t it true that Allen has had numerous IRS liens, deliquent tax warrants, lawsuits, and a 1996 bankruptcy against him?
I don’t mean to sound disrespectful, but how successful a guru can he be with these kinds of problems over the years.
P.S. I read this information on John Reed’s websites and he documented all of the years and amounts.
Re: The AMAZING way I met Robert G. Allen . . . - Posted by John Behle
Posted by John Behle on March 15, 2000 at 13:28:24:
Years ago I helped put together an extensive home study course for Bob and his company the Allen Group. I designed and outlined it and then wrote some sample chapters. One was on “Finding Don’t Wanters” and another was on analysing the deals.
When I wrote the section on finding deals, I covered how to spot good properties in the classified ads. I checked our paper and spotted a couple ads I thought would be just perfect - til I noticed the phone number - Bob’s.
I used to sell some of the properties I flipped very quickly by running a similar ad - the week after a Bob Allen seminar came through town.
Bill There’s Nothing That Reed Puts Out That’s Worth $22 nt - Posted by phil fernandez
Posted by phil fernandez on March 15, 2000 at 12:42:13:
nt
Bob Allen is lurking here! Speak up, you’re among friends! nt - Posted by OzarkMark
Posted by OzarkMark on March 16, 2000 at 17:57:34:
nt
They trashed Trump too. - Posted by John Behle
Posted by John Behle on March 16, 2000 at 15:23:49:
A few years back he was not just broke, but so heavily in debt that the banks literally could not put him out of business without getting their boats overturned in the backwash.
He owed them so much they had to loan him more to keep him afloat for their own safety. The public trashed him and the P.R. and image he had put out there turned on him.
One commentator made a statement I’ve always loved about the two edged sword of publicity - “First a Peacoch - then a feather duster” ((I had to mis-spell for it to be accepted)).
Trump made his money in real estate - then ventured into casinos and lost it. He violated many of his own principles in his first book and paid the price.
Now, because creativity, intelligence and guts are priceless commodities Trump has made it back. If the banks hadn’t been literally forced to bail him out, it might have been the biggest bankruptcy in history. It wouldn’t make sense to throw out his book because of his mistakes.
WOW! Great Job, Rob - Posted by Dirk Roach
Posted by Dirk Roach on March 16, 2000 at 12:35:14:
I for one would like to hear all the particulars of you deal. Sounds like a good deal.
Dirk
You need a shovel to get out of this hole! - Posted by Jacob
Posted by Jacob on March 16, 2000 at 17:24:17:
Ron, (Or Jack Reed, or whomever you really are)
You need to go to the dictionary and look up what a clue is, 'cause you clearly don’t have one. Most people are smart enough not to debate useless thoughts with two of the most well-respected and admired investors in the biz, Terry Vaughn and John Behle.
You have made a complete a$$ of yourself for absolutely no reason whatsoever. Are you doing a sevice by “exposing the truth (Reed’s version)” for all of us un-enlightened souls? Does it make you feel better to endlessly debate things in such a way that you prove beyond a shadow of a doubt what a fool you really are? You can stop argueing now, because know we all know for sure that you are.
What I find amusing is that the only time your hero will disclose the “truth” to everyone on his joke of a site is when the author in question has competing materials with Reed. If Reed doesn’t have a book that compete’s with a particular author, he is always “too busy” to review the materials.
The problem is most of us are smart enough to figure out what a joke Reed really is. It’s unfortunate for you that you have publicly proven to all of us that you are clearly not capable of seeing the obvious.
While you are spending this time argueing meaningless points, I’ll go and make some money.
Jacob
Thanks Ron… - Posted by Jack Stivers
Posted by Jack Stivers on March 16, 2000 at 09:07:03:
for posting, because you brought out responses from some of the best REI folks around and they gave you and us some darn good words of wisdon. I just hope you realize that and use what you have read here. I know I plan to.
Jack Stivers
OK Ron You’ve Had Your 15 Minutes Of Fame.Now Go And Do A Deal - Posted by phil fernandez
Posted by phil fernandez on March 15, 2000 at 19:49:58:
Ron,
Wow you got great endorsements on Bob Allen’s Nothing Down from the top creative real estate experts in the world. Bronchick, Behle, Vaughn and Piper, and you still don’t get it.
My advice to you, is don’t buy the book. Even if you read it, you would find a reason to not implement Allen’s ideas.
If you’re worried about the small stuff how are you going to go out in the real world and craft a deal. Obviously you didn’t do a deal today because you have been daddling on the newsgroup about this minor issue.
Have you read Allen’s book’s - Posted by Dirk Roach
Posted by Dirk Roach on March 15, 2000 at 17:52:34:
Hi Ron,
Thing is Personally I read between 6 and 7 books per week. I would love to read more, but it is hard to find the time. Anyhow I would never not read something that may give me an insight into something I’m doing, just because someone somewhere says, it’s a waste of time.
Cool John T Reed may not Like Allen, Great for John. Not great for me. I like Bill Broncheck’s post below …WHO (Bleaping) CARES?
I think it’s really niether here nor there, on what you or I or John Reed think in regards to the intial question. Why don’t we all worry about ourselves for awhile?
Dirk
Don’t be Naive! - Posted by Terry Vaughan
Posted by Terry Vaughan on March 15, 2000 at 14:55:24:
Don’t be Naive!
Wisdom is learned through struggle, not success! I personally have been rich and broke THREE times. Have I ever been sued? Try playing in the real estate game for thirty years without ending up in court at least once! I’ve never had an IRS lien, but I have fought with them several times over the years, and I’m still young (at 55) and both of us are still playing the game!
What famous investor has not been through these obsticles?
We cheer when Donald Trump is about to be forclosed on and comes up with a creative way to pull himself out.
Would you rather learn from someone who has never bloodied his nose or from someone who has fought on the street to survive (lost many fights) but is still in the game?
I can slant information about anyone (even you) in such a way that that person will seem like a despot or crook. OR I can use the same information and slant it a different way to make them sound like saints! Which way do you want it?
Wouldn’t you want to talk to the person who has faced obsticles and survived to learn how to avoid the trap or overcome the obsticle? Isn’t that really why we are all here at CREOnline anyway? To help each other make our way successfully to the top of the heap?
The higher the climb - the bigger the fall! That’s the guy I want to learn from!
Look between the lines when you are only presented negative information on a person. Look at all the successful people who have posted here about Bob Allen and ask yourself if their (or my) opinion has the “sound of truth” in the post.
Then make your judgment wheather “Allen” is a successful guru.
Sorry, but I won’t comment on your information sources . . . - Posted by Robert M. Campbell
Posted by Robert M. Campbell on March 15, 2000 at 14:43:54:
It is my understanding we were discussing the value and merits of Robert Allen’s book “Nothing Down.”
The book will teach you volumes about creative real estate investing. Anyone would be wise to read it.
I don’t know ~ and frankly don’t care ~ if there is any truth to John Reed’s allegations.
The book “Nothing Down” can give you many solid ideas on how you can become a more effective ~ and creative ~ real estate investor.
Isn’t that what really matters?
Best regards,
Robert M. Campbell
Re: They trashed Trump too. - Posted by Tina
Posted by Tina on March 17, 2000 at 09:23:33:
Your wrong too Joe!
Robert Allen has been in the business for over 20 years of selling books, courses, and doing seminars promoting ‘Nothing Down’ techniques as a way of becoming a millionaire.
When he implements his techniques and becomes bankrupt, sued, and running from the IRS, his creditibility and his books have to be in question.
Re: They trashed Trump too. - Posted by Ron
Posted by Ron on March 16, 2000 at 21:38:59:
And you and others criticize Nation-wide. That’s fair game while criticizing your buddy Allen isn’t?
Excellent Post Jacob. - Posted by phil fernandez
Posted by phil fernandez on March 16, 2000 at 19:50:40:
The more John Reed crys, the less credability he receives.
Folks that have been on this site, even for a little while, quickly recognize Reed’s mental instability. Imagine putting people down that have a great deal more to offer than John Reed.
John if you are reading this, you are a sad, lonely bitter person. Why don’t you join us and have fun.
Re: OK Ron You’ve Had Your 15 Minutes Of Fame.Now Go And Do A Deal - Posted by Ron
Posted by Ron on March 15, 2000 at 22:02:17:
Minor issues:
Robert Allen advocates making millions of dollars doing nothing down deals, but he:
-has hundreds of thousands in IRS liens;
-has hundreds of thousands in tax deficiencies
-has hundreds of thousands in judgements
-declares bankruptcy (not in the beginning of his career; just 4 years ago!)
-has totally abandoned real estate for multi-level marketing
All of you trash the McCorkles for not succeeding in what they advocate; don’t you think Allen should be able to have some sort of success in what he promotes; if he can’t do it himself, how can he be an expert?
Re: Don’t be Naive! - Posted by Ron
Posted by Ron on March 15, 2000 at 16:57:30:
My point is you are promoting this individual and his work as excellent material.
I’m saying that the following occurred:
1986 - IRS lien of $346,395; $76,000 in deliquent tax defiencies by the state of Utah and $100,000 in lawsuits and judgements for unpaid speaking fees.
1996 - declares personal bankruptcy with hundreds of thousands of dollars of personal debt.
Everyone makes mistakes and goes through bad times. But this man is promoting his books as helping others to make millions. If the messanger fails; how can the message succeed? Isn’t this the story of McCorkle?
Since you have known him so well, is he a wealthy man who has succeeded in the past, or what?
I learned some things from William McCorkle! - Posted by Jacob
Posted by Jacob on March 15, 2000 at 16:03:51:
And look at who the fool is now. Allen is considered the godfather of the “nothing down” movement, and Sheets wants to be him.
Point is, you can learn from anyone. Besides guys like Hicks or Wade Cook, any of these guys that put out a book have some good ideas that all of us can learn from. It depends on how it is applied.
Jacob
I agree . . . focus on the message, not the messenger - Posted by William Bronchick
Posted by William Bronchick on March 15, 2000 at 15:37:44:
While a lot of what Reed says on his site about people may be true, who f** cares? I am not supposed to take advice from someone because he had financial troubles and didn’t pay his taxes? Frankly, most of what Allen had in his book was done by others a thousand times, but Allen was a MASTER at marketing, and he got rich doing it. Due to his book, my eyes were opened to a lot of creative ideas.
Don’t let someone steer you away from good money-making ideas just because “20/20” calls him a fraud or he was sued. Tony Robbins was sued plenty of times. Charles Givens was in a lot of trouble with several State Attorney General Offices. Some of my own mentors have been arrested. Have I learned from them all? You bet!